MOEI to reinforce UAE’S maritime investments

DUBAI:THE Ministry of Energy and Infrastructure (MOEI) has launched the UAE Maritime Network initiative, which aims to support international maritime organisations and promote the UAE as a global maritime hub and an ideal environment for maritime investments.

The initiative supports the Ministry’s efforts to enhance the position of the UAE’S maritime sector globally. The Maritime Network initiative supports MOEI’S objective of developing and strengthening alternative economic components to the oil sector, as well as being a major contributor to the Projects of the 50.

In order to launch the initiative, the Ministry will build a communications network consisting of various regional and international maritime entities. This will act as a plaform for launching various initiatives, and announcing activities and events. It will also be a knowledge hub for international maritime stakeholders to know more about investment opportunities in the UAE’S maritime industry.

Eng Hassan Mohammed Juma Al Mansouri, Undersecretary for Infrastructure and Transport Affairs at the Ministry of Energy and Infrastructure said: “The UAE is a unique success story in terms of government excellence. We will unify the UAE’S maritime sector by launching this initiative, which will integrate the capabilities of the various entities and organisations in the sector. The Network will enhance their performance by bringing together the competencies and experiences of professionals and experts working in these companies, many of whom are world-class experts. This will build a massive think tank and a common plaform for maritime companies in the nation to create new opportunities for investments in the sector.”

Al Mansouri added: “Our role in the UAE maritime sector is not limited to managing and operating one of the most important maritime hubs worldwide in terms of shipping, logistics, bunker fuel supply and oil export, but are also a centre for building bridges of cooperation among leading global maritime clusters, as well as motivating the exchange of innovative ideas and projects. Launching the Maritime Network is one of our key initiatives in preparation for the next 50 years, especially since the maritime sector contributes more than Dhs90 billion annually to the UAE’S economy. We will double this figure in a few years by empowering the sector and the organisations operating under its umbrella.”